David Meggs Acquires Mixed-Use Property In Wentzville For $3.6M
853 Medical Drive
$3,600,000
$234/SF
Building Size
15,366 SF
Asset Type
Mixed-use
Closing
Jan 30, 2024
About this deal
AI
AXSYS Capital has acquired a 15,366-square-foot mixed-use "medtail" office property at 853 Medical Drive in Wentzville, MO, for $3.6 million.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,600,000
- Buyer: David Meggs - AXSYS Capital
- Seller: Asher CRE, LLC
- Buyer's Rep: Jason Riegelsberger & Luke Grant - Skyline Commercial Real Estate
- Seller's Rep: Brian Kelley - Revel Commercial Real Estate
- Lender: Carrollton Bank
- SF: 15,366
- PPSF: $234
Jason Riegelsberger & Luke Grant of Skyline Commercial Real Estate acted as the buyer's representatives in the transaction, facilitating the acquisition by David Meggs of AXSYS Capital. Brian Kelley from Revel Commercial Real Estate represented the seller, Asher CRE, LLC, in this deal.
On the Map
$3,600,000
$234/SF
Mixed-use
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Players
Wentzville Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93